DFPG Investments Recieves ADISA’s Annual President’s Award

DFPG Investments has been awarded the Alternative & Direct Investment Securities Association’s (ADISA) 2017 President’s Award.

The ADISA President’s Award is “given to an individual or organization that has made outstanding contributions in their chosen field, in service in local, state or national affairs, or in support of the advancement and continued excellence of ADISA.”

John Grady, ADISA’s current President, announced the award at ADISA’s recent annual conference in Las Vegas, Nevada. Mike Bendix, DFPG’s CEO, and Dave Laga, DFPG’s CIO, were present and accepted the award from Grady.

According to Grady, ADISA awarded DFPG the President’s Award for their participation and commitment to the association. Primarily, both Bendix and Laga have played a pivotal role in the association’s annual Due Diligence Forum over the past four years.

DFPG was recognized with several other award honorees during the conference. ADISA’s Executive Director and CEO, John Harrison, said that DFPG, along with the other honorees, were recognized “for their dedication and perseverance throughout the year that has led to substantial achievements for the alternative, direct investment industry.”

Harrison added, “These recipients demonstrated a remarkable commitment to excellence and adhered to the highest ethical standards and quality performance, and we’re pleased to present each with their respective award.”

“We appreciate the honor of receiving the 2017 President’s Award from ADISA,” says Ryan Smith, DFPG’s President. “ADISA is a well-respected and an important voice in the alternative world. DFPG appreciates the work of John Grady and the entire ADISA board on adhering to its core mission of providing education and advocacy for our industry.”

Smith noted that DFPG is a long-time ADISA partner. Mike Bendix, DFPG’s CEO, is the former president of ADISA and recipient of ADISA’s 2014 ACE Award, the association’s lifetime achievement award. Dave Laga, DFPG’s CIO, is also actively involved with the association’s Due Diligence forums.

DFPG Welcomes 13 New Representatives with Addition of American Financial Network

DFPG Investments welcomes 13 new representatives with the addition of American Financial Network (AFN).

AFN, which is based in Calabasas, California, manages $336M AUM.  AFN was founded over 30 years ago with the goal of providing personal financial planning, corporate consulting, and specialized services to corporate executives.

“We’re pleased to welcome AFN to DFPG,” says DFPG CEO Mike Bendix.  “They’ve done an excellent job assembling a talented team of professionals who provide a unique and specialized service to their clientele.”

Bendix continues, “2017 has been a great year at DFPG.  I am proud of our reps, advisors, and home office team for making this such a special year.”

Bendix is the former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternatives investments association.  Bendix is still very active at ADISA, serving on its board.

DFPG was recently added to Inc. Magazine’s Inc. 5000.  The firm was also recognized by both Utah Business magazine and the MountainWest Capital Network (MWCN) as one of the fastest-growing companies in Utah.

Craig Watanabe, AFN’s Chief Compliance Officer, said the move to DFPG “establishes an important broker-dealer partnership for our clients and business.”

Watanabe continues, “DFPG is an industry leader in several aspects that are critical to our business, including alternative investments.  We require a broker-dealer partner who has a strong commitment to due diligence and compliance, and it was clear to us that DFPG excels at both.”

Brett Ellen, AFN’s CEO, added, “Frankly, we feel like DFPG is a rare find within the broker-dealer community.  They’ve got the specialized experience in alternative investments, which we really need, but they also have a great reputation and impressive culture.  We recognized the fit between us immediately.”

DFPG is an independent broker dealer and registered investment advisor (RIA) with registered representatives and investment advisors located across the country.  As a broker-dealer and registered investment advisor (RIA), DFPG provides a full-service platform that enables its financial advisors to more effectively serve their investors.  DFPG is recognized within the financial services industry for its expertise and due diligence in alternative investments, with a focus on securitized real estate.

DFPG Makes MWCN’s Utah 100 List

The MountainWest Capital Network (MWCN) has named DFPG to the annual Utah 100 list, which recognizes Utah’s 100 fastest-growing companies.

DFPG Honored as One of Utah’s Fastest-Growing Companies

Utah Business magazine has named DFPG Investments to their annual Fast 50 list, which recognizes Utah’s fastest-growing companies.

The Fast 50 honorees are selected through a combination of criteria, including a minimum of 5 years in business, revenue growth, and total revenue. Utah Business magazine will recognize DFPG at the annual Fast 50 awards luncheon and will feature DFPG in their September issue.

“We are thrilled to have been recognized as one of the fastest growing companies in Utah,” says Ryan Smith, DFPG’s president. “Our growth is a reflection of our hard-working reps and advisors, our dedicated home office staff, and the core values we place at the center of everything we do.”

DFPG’s footprint spans nationwide, with registered representatives and investment advisors located across the country. As a broker-dealer and registered investment advisor (RIA), DFPG provides a full-service platform that enables its financial advisors to more effectively serve their investors. DFPG is recognized within the financial services industry for its expertise and due diligence in alternative investments, with a focus on securitized real estate.

Smith described DFPG’s growth in recent years by saying, “Our growth story is characterized by a simple formula. DFPG created a focused and deep expertise, and then we built a brand around it. Our brand has come to be recognized as an industry leader in our segment of the market. The benefit of this approach is that, so long as DFPG delivers on our brand promise, the demand generated within the market will create continued opportunity.”

In addition to being awarded Utah Business magazine’s 2017 Fast 50, DFPG was also including Inc. Magazine’s Inc. 5000, which recognizes America’s fastest-growing private companies.

DFPG Investments, Inc. is a national, full-service, independent broker-dealer and registered investment advisor (RIA) that specializes in working with representatives who want to incorporate alternative investments, with an emphasis in investment real estate, in their business. More information about DFPG, including media inquiries, can be directed to Nick Hansen (nhansen@dfpg.com).

DFPG Makes Inc. Magazine’s Inc. 5000

DFPG Investments will be included in Inc. Magazine’s prestigious Inc. 5000, which recognizes America’s fastest-growing private companies.

In addition to be included in Inc. Magazine’s Inc. 5000, Utah Business magazine awarded DFPG its 2017 Fast 50 award, which recognizes the fastest-growing companies in Utah.

Mike Bendix, DFPG’s CEO, says that DFPG’s inclusion in the Inc. 5000 is an important milestone for the firm. “The pedigree of past Inc. 5000 recipients, along with the national nature of the list, makes this a very special recognition for our company. But it’s just a milestone for us, we have a lot more to accomplish.”

Along with acting as DFPG’s CEO, Bendix is the former president of the Alternatives & Direct Investment Securities Association (ADISA: www.adisa.org), which is the nation’s largest alternatives investments association. Bendix is still very active at ADISA, serving on its board, and was awarded the ACE Award, which is the association’s career achievement award, in 2014.

“Our vision for DFPG has always been to create something special,” continues Bendix. “Since our inception, DFPG intended to be a values-driven organization with a long-term plan. The plan is fairly simple: DFPG wants to find financial advisors whose clients’ needs necessitate the experience and expertise we offer, primarily in alternative investments, and then ensure we always follow our core values.”

Bendix adds, “As we continue to execute our plan, recognition and awards, like the Inc. 5000, are great milestones to track our progress. But the real gauge for our success will be in continuing to deliver the value we work each day to create, to follow our core values by placing investors’ needs first, and to align ourselves with industry partners who share these same ideals.”

DFPG’s is a national broker-dealer and registered investment advisor (RIA), with registered representatives and investment advisors located in various states. DFPG prides itself in offering its financial advisors a full-service platform and an expertise in alternative investments, with a focus on securitized real estate. More information about DFPG, including media inquiries, can be directed to Nick Hansen (nhansen@dfpg.com).

DFPG Adds RCM Investments

SALT LAKE CITY, Utah – ­­­­­­July 14, 2017 – DFPG Investments, Inc., a dually-registered independent broker-dealer and investment advisor, is pleased to announce that RCM Investments, located in Provo, Utah, has joined DFPG.

“We are thrilled about our new partnership,” noted Tony Riggs, founder and President at RCM Investments.  “DFPG will provide our clients with access to unique products and robust due diligence.  From their transition process to their branch-level support initiatives, DFPG was the clear leader among the many options we considered.”

Commenting on the RCM Investment news, DFPG’s CEO Mike Bendix called 2017 a growth year, noting that DFPG has increased its total rep count by more than 13% through July.  “We’ve known the RCM team for a long time.  We also know who the other broker-dealers were that they were considering.  So this was a big win for us and I couldn’t be more thrilled to welcome them to the DFPG family.”

In addition to his role as CEO at DFPG, Mike Bendix is the past President of ADISA, a national association for investment professionals working in alternative and direct investments.  Bendix and his two business partners, Ryan Smith and Dan Luke, launched DFPG with the vision of creating a boutique broker-dealer that would specialize in working with representatives who want to incorporate alternative investments, with an emphasis in investment real estate, in their business.

Smith, DFPG’s President, says the firm’s recent growth is the result of several factors.  “Reps are on the move,” Smith said.  “I think the agitation behind the movement is a combination of many things.  There are some reps who need to make the move because their current broker-dealer is no longer providing the alternative products they need.  Others want to escape the juggernaut and return to a smaller and more boutique culture.  And then there are those reps who are moving because their broker-dealer is being acquired or merged into another.”

Smith says that DFPG’s proprietary transition process, called QuickLaunch, and the firm’s experience in due diligence and alternative investments have been the difference maker.  “We’ve found that reps who want to make a broker-dealer change are often reluctant to follow through because they are afraid of the transition.  We created QuickLaunch as a way to eliminate this concern.  Transitions are never fun, but our QuickLaunch program eliminates a lot of the hassle and, truth be told, sets DFPG apart from all our competitors.”

“When you couple QuickLaunch with our alternative products, our due diligence, and our RIA platform,” continues Smith, “we feel confident that DFPG’s value proposition will resonate in the market and will creating lasting value for our reps for many years to come.”

Others who covered this news:

DI Wire

FA Magazine

DFPG Adds Greenbook Wealth Management

SALT LAKE CITY, Utah – July 3, 2017 – DFPG Investments, Inc., a dually-registered independent broker-dealer and investment advisor, is pleased to announce that Greenbook Wealth Management, located in Englewood, Colorado, has joined DFPG.

Greenbook Wealth Management is operated by Jerry Gruber, an industry veteran with over 30 years’ experience, who was previously affiliated with National Planning Corporation (NPC). Gruber and his team will bring an estimated $80M in assets to DFPG.

“Greenbook Wealth Management will be a great fit at DFPG,” says DFPG’s CEO, Mike Bendix. “Jerry and his team not only needed a broker-dealer with a high level of experience in alternative products, but they also needed a compelling RIA platform. This unique combination is at the heart of what we’re doing at DFPG.”

Gruber says that he and his team reviewed a handful of broker-dealers, located throughout the country, as they explored their options. “Frankly, I’m never switching broker-dealers again,” Gruber said, “so I needed to get this final transition right and to make certain I could service my clients for the long-term.”

Gruber continues, “DFPG has an alternative product platform that I need in order to serve my clients. When you combine DFPG’s product platform with their due diligence, company culture, and their transition process, DFPG truly stood apart from all the other broker-dealers. We’re very excited about the new partnership.”

Ryan Smith, DFPG’s President, spoke with Gruber several times during the review process. “Jerry was very serious about getting this decision right. He asked a lot of hard questions and was very methodical. In the end, I think our team did a fantastic job demonstrating the value DFPG creates for offices like Greenbook and we’re happy they recognized DFPG’s reputation in the alternatives space and our RIA platform.”

DFPG’s transition process, called QuickLaunch, is a proprietary system that DFPG developed to onboard offices in a seamless and efficient manner. Gruber noted that DFPG’s QuickLaunch provided assurance that Greenbook’s transition to DFPG would be less cumbersome to him, his staff, and his clients. “DFPG said from the start that they complete on transitions, and their QuickLaunch process gave me and my team the added assurance that our transition would have a plan and a comprehensive system.”

DFPG Adds Two New Advisors

SALT LAKE CITY, Utah – May 18, 2017 – DFPG Investments is pleased to announce that Coughlan and Coughlan Financial Solutions (CCFS), located in Kingfisher, Oklahoma, has joined DFPG.

CCFS is operated by Jake Coughlan and his father, Jim Coughlan. Prior to joining DFPG, CCFS was a branch office of Wilbanks Securities, which is located in Oklahoma City, Oklahoma. In addition to providing financial advisory services, Jim Coughlan works as a Certified Public Accountant (CPA).

“Jake and Jim have a stellar record and reputation,” says DFPG’s President, Ryan Smith. “We are very pleased that they have joined our firm. As we always say, we work very hard to identify partners that will fit within our culture and follow our core values. Jake and Jim are another great example of the kind of advisors DFPG was built to serve.”

Jake Coughlan noted that DFPG’s clearing and unique custody relationship with RBC, along with DFPG’s expertise in alternative investments, were crucial factors in making his decision. In addition, Jake stated that “DFPG’s commitment to due diligence and compliance are very important to us as we continue to work with our clients.”

DFPG’s CEO, Mike Bendix, says that DFPG has several additional representatives that will join the firm over the next few months. Bendix says, “In the context of today’s regulatory environment, reps are starting to appreciate how pivotal a broker-dealer relationship is to their business and their clients. Frankly, if a rep wants to offer clients access to alternative investments, then the selection of a broker-dealer is probably their most important consideration.”

Bendix, who is also the former president of ADISA, the nation’s largest alternative investment securities association, says that the popularity of the endowment model, along with investors seeking portfolios that aren’t entirely correlated with the market, has created demand for alternative investments.

“DFPG was originally created with the vision to be an industry leader in the alternative investment segment,” adds Bendix. “Over the years, we have expanded our brand. We have great technology, an attractive RIA platform, and several business development products that create value for our reps. But we haven’t lost sight of our mission and core values.”

DFPG Investments Expands Its RIA Product Platform

DFPG Investments, Inc. recently expanded its RIA product platform to include a hybrid-robo offering.  The new platform, called Indexed Managed Solutions (IMS), was formed in partnership with RBC and State Street Global Advisors (SSGA).

Ryan Smith, DFPG’s President, says “The IMS Platform was developed in an effort to provide a low-cost solution that also allows for lower account minimums.” Smith continues, “As the industry prepares for the potential roll out of the DOL Fiduciary Rule and as the robo-advisor trend continues, we believe it is important to have a solution that allows our advisors to work with clients at all account levels while maintaining a competitive fee structure.”

DFPG’s CEO, Mike Bendix, says that “DFPG is widely recognized as an industry leader in alternative investments and securitized real estate.  But we also have a very compelling RIA solution that complements our broker-dealer brand and broadens our ability to compete in the marketplace.  Our IMS Platform is one example of the types of things we are doing.”

In addition to its IMS Platform, DFPG provides its advisors with several other platforms.  For example, DFPG’s Advisor Managed Solutions (AMS) Platform enables advisors to direct their client’s investments, whereas the RBC Managed Solutions (RMS) Platform provides advisors with access to a broad array of separate account managers (SMAs) vetted both by RBC as well as DFPG’s in house analyst team lead by Dr. Jeff Brimhall, PhD, CFA®.

Since January 2015, DFPG’s RIA has experienced considerable growth.  Ryan Smith, DFPG’s President, says that, “As we continue our leadership in the alternative investment space, we feel it is equally important to provide our advisors and their clients access to a best-in-class wealth management division and much of our recent growth stems from advisors who are joining our RIA.”

Smith says that several factors explain the growth of DFPG’s RIA.  “As the industry continues to shift towards more fee-based models, advisors still need access to alternative offerings and the due diligence a BD partner can provide.  DFPG strives to provide the best of both worlds: a unique and complimentary alternative platform on the BD side, and a competitive wealth management platform on the RIA side.”

Smith adds, “DFPG’s RIA is a great solution for existing investment advisors who need a new partner and want a better relationship with their broker-dealer, or for advisors who are transitioning their business to a fee-based model, but don’t want to open their own RIA.  We have created a streamlined and comprehensive solution for advisors and their clients.”

DFPG’s RIA Platform features a unique clearing and custody relationship with RBC, a state-of-the-art technology solution for investment advisors and their clients, and an in-house CFA that helps manage the various product platforms.

DFPG Investments Adds Two New Offices

SALT LAKE CITY, Utah – February 16, 2017 – DFPG Investments, Inc., a dually-registered independent broker-dealer and investment advisor, announces that Jon Hulsey, of Hulsey Financial based in Oklahoma City, Oklahoma, and Brent Reed, of Brent Reed Financial Services based in Lake Kiowa, Texas, have joined DFPG.

DFPG’s CEO Mike Bendix says, “We are excited to add Jon and Brent to the DFPG family. These are two well-respected professionals that we feel complement the DFPG brand and culture. As with all of our reps, Jon and Brent are committed to putting their clients first, which is a core value at DFPG.” In addition to his role as CEO at DFPG, Bendix recently completed his term as President of ADISA, a national association for investment professionals working in alternative and direct investments.

“When I began exploring the move to a different RIA and broker-dealer, DFPG immediately jumped to the top of the list,” says Hulsey. “I was already acquainted with members of their due diligence team, so I understood why DFPG is a recognized leader in alternative investments.” Hulsey adds that DFPG’s clearing and custody relationship with RBC was another key factor in his decision.

Reed stated that leveraging DFPG’s capabilities in alternative investments, along with a robust traditional platform, is a powerful and unique combination. “Even though the regulatory environment continues to evolve,” says Reed, “investors still want access to great product and service. DFPG presented a compelling plan and the flexibility to operate in today’s changing environment, while still giving me access to the products my clients need.”

Ryan Smith, DFPG’s President, says that DFPG has invested in the infrastructure and resources to remain a leader in alternative investments, despite regulatory uncertainty within the industry. “We realized a long time ago that our industry was heading towards some important shifts. Consequently, we created a plan that included making investments in our compliance and due diligence departments, introducing new technologies and resources, and launching a strong wealth management division.”

Smith continues, “Nothing can fully insulate you from changes in the industry, or even cycles in the market. But we feel confident that the plan we created adequately addresses our objective to ensure that the DFPG brand grows in the face of potential headwinds.”

“DFPG’s underlying philosophy is simple and hasn’t changed,” adds Smith. “We fundamentally believe that investors will always have an appetite for alternative investments. DFPG has positioned itself as an industry leader because we focus on finding the right product, focus on the right values, and partner with the right reps that fit our culture and demonstrate a commitment to putting investors first.”